Global Oil Anadarko announces 2017 initial capital program and guidance

Anadarko Petroleum has announced its 2017 initial capital expectations and guidance. The company will also host an investor conference call tomorrow to discuss recent updates and expectations, including: HIGHLIGHTS Announced 2017 initial capital program of $4.5 to $4.7 billion Increased Wolfcamp A (Delaware Basin) net resources by 50 percent to more than 3 billion BOE Increased DJ Basin development area net resources by 33 percent to more than 2 billion BOE Improved margins per barrel…

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Global Oil & Gas: Anadarko expects “minimal” funding in Mozambique LNG project this year

Woodlands-based Anadarko on Friday said it will slash its 2016 spending by almost 50 percent, and expects minimal funding in its Mozambique LNG project during the year.

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Mozambique Oil & Gas: China to receive Rovuma basin natural gas supply

China, which currently has Angola as one of its main oil suppliers, plans to position itself to have Mozambique as a major source of natural gas supply in the future. To secure funding for the large investment required for the extraction and export of natural gas, US oil company Anadarko Petroleum is already in the market negotiating long-term contracts and one of the first five it closed, according to financial news agency Reuters, was with the…

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Mozambique: Gov revises natural gas reserves to 200 bi cubic feet

The government of Mozambique has its projection for the amount of natural gas contained in the Rovuma Basin from 170 billion to 200 billion cubic feet, according to figures presented Tuesday in Maputo by the Mozambican President.

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Mozambique Oil & Gas: INP cooperates with Tanzania TPDC in hydrocarbons sector

Mozambique’s National Oil Institute and the Tanzania Petroleum Development Corporation have signed a cooperation agreement concerning the interchange of technical data, reports and other relevant information on the hydrocarbons sector.

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Mozambique Oil & Gas: ENH considers building north-south gas pipeline

Mozambique is studying the economic feasibility of building a gas pipeline linking the north and south of the country, the chairman of state oil and gas company Empresa Nacional de Hidrocarbonetos (ENH), Nelson Ocuane, said recently according to daily newspaper Notícias.

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